Fibre Broadband

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  • April 8, 2021

    The recovery stutters: UK broadband, telephony and pay TV trends [...]

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    • Market revenue growth sunk back to -3% in Q4 from -2% in Q3, with further backbook pricing and lockdown effects to blame.
    • Backbook pricing will improve with numerous price increases announced, but these will only start to take effect in Q2 2021.
    • Demand for broadband and ultrafast looks promising, but will also take time to filter through to revenue, with Q1 again lockdown affected.

  • March 4, 2021

    Telco Half Year Results Reflect COVID Impact: Updated Forecast

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    Telstra, Optus, TPG, Vocus, Aussie Broadband, Uniti and Superloop have all announced results for the December half, with COVID19 looming large.

    The impact of COVID19 significantly affected the results. But this also means that recovery from COVID19 as immunisation programs roll out in 2021 will have an opposite effect. In this report, we have picked up some key numbers from these result announcements, and have discussed what it means for these telcos themselves, the implications for the industry in 2021, and how these affect Venture Insights’ forecasts for the Australian telco sector.

  • February 18, 2021

    BT: A bumpy road

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    • BT’s December quarter results were mixed, with revenue growth improving but EBITDA growth worsening, and next quarter will be hit by the effects of lockdown 3 on mobile, with B2B likely to be hit by business failures following the end of furlough
    • BT has maintained/nudged up its financial guidance regardless, and there are plenty of positive longer-term signs, with subscriber growth strong in the quarter, pricing pressure easing, and full fibre roll-out and adoption progressing nicely
    • Overall, we expect the road to continue to be bumpy, but a recovery by 2022/23 still seems very plausible, ultimately driven by the wholesale and retail benefits of full fibre, and perhaps helped if it can get ‘Digital’ right, a particular challenge historically for BT